Synthetic Paper Market - Global Analysis and Trends

The worldwide synthetic paper market is estimated to achieve a size of more than USD 340 million by 2020. Synthetic paper displays features which are common to both paper and plastic. It is resistant to tears and chemicals and also has good printability and in few cases, heat sealability. The demand for synthetic paper all over the globe was more than 110 kilotons in 2013 and is growing from 2014 to 2020, at a CAGR of more than 6 percent. This demand is likely to reach almost USD 177 kilotons by 2020. Synthetic paper is not described globally, owing to it being a dense plastic film that is both writeable and printable. On an international level, synthetic papers have risen in number from different end user markets. Among the other vital key end user markets are chemicals, cosmetics, leisure, transportation and advertizing. The synthetic paper market has been studied and examined in details. This study evaluates the worldwide market in relation to its revenue and volume. The synthetic paper market sheds light on product kinds, applications and key regions. Product Overview The important products of synthetic paper are high density polyethylene (HDPE), biaxial oriented polypropylene (BOPP), etc. The other products comprise polystyrene, polyesters and polyvinyl chloride (PVC). Biaxial oriented polypropylene (BOPP), owing to its good qualities, is the largest section of the synthetic paper market products. The income of this section was more than USD 120 million in 2013 and will grow from 2014 to 2020, at a CAGR of around 7 percent. BOPP made up for more than 60 percent of the volume of the synthetic paper market in 2013 and will dominate the scene over the forecast period. It is the most consumed product of the market. Polystyrene and polyesters are ineffectual in high temperatures. High density polyethylene (HDPE) is used for chemical and clothing purposes. Applications Summary Labels and non labels are the vital application sections of this market. Labels are the most rapidly developing applications section and are growing from 2014 to 2020, at a CAGR of almost 7 percent. They comprise in-mold labels, wrap-around labels, pressure sensitive labels, shrink labels and cut and stack labels. Non label applications made up for more than 60 percent of the demand of the synthetic paper market in 2013. This section includes graphic arts, banners, menus and maps. Regional Outlook The synthetic paper market is segmented into key regions, like Europe, North America, Asia Pacific and the rest of the world. In 2013, Asia Pacific was the biggest regional market for synthetic paper, with an estimated requirement of more than 40 kilotons. Asia Pacific will grow from 2014 to 2020, at a CAGR of almost 7 percent. It also dominated the market of synthetic paper, with a share of more than 35 percent in 2013. Europe followed Asia Pacific and was the second biggest market in 2013. More insights on the synthetic paper market can be found in the link, and should be referred to, as and when required.